Value Add Opportunity! 6 units in the heart of Wallaceburg. 131 Margaret Ave is situated across from the Sydenham River with river views from the upper units. 3 units have been recently renovated from top to bottom allowing you to receive market rents while you renovate others. There is significant upside to be had! A lot of expensive updates have been done already including a brand new roof and sheeting, ductless heat/AC in renovated units, new kitchens with stainless steel appliances, new bathrooms, LVP flooring and extensive brick work. 7 panels and meters allow for tenants to pay for their own hydro separately. 3 units are in need of a renovation (1 vacant, 2 tenanted). Gas expenses can be reduced or eliminated with adding ductless heat/AC to unrenovated units. Priced to sell! (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
6
Bathrooms
6
Listing Contract Date
2024-03-27
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Building
Basement Type
Crawl space
Cooling Type
Wall unit
Exterior Finish
Brick, Vinyl siding
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Other
Rooms
Room
Level
Dimensions
Notes
Kitchen
Second level
3.5 m x 3.5 m
Land
Total Size
70 x 108 FT
Size of Irregular Land
70 x 108 FT
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